Choosing a Medicare Insurance Option – The 5 Things You MUST Know!
Medicare Insurance can be complicated. At Lawley, we have developed a team of professionals to help you find, and enroll you in the Medicare insurance option that are best fits the needs of you and your family.
Read below to understand the top 5 things you need to know when choosing a Medicare insurance option for your and your family.
1. What is Medicare insurance?
Medicare insurance is a federal health insurance program for Americans ages 65 and older, as well as those with certain disabilities. Through a combination of its four key parts, Medicare covers many health care costs for those enrolled.
2. What are the four parts of Medicare insurance?
Medicare insurance is broken into four parts: A, B, C & D.
- Part A – Hospital insurance and covers costs associated with confinement in a hospital or skilled nursing facility.
- Part B -Medical Insurance and covers physician services, outpatient care, tests, and supplies.
- Part C – This is also known as Medicare Advantage Plan. It is an alternative program to Parts A & B offered by approved private insurance companies. These plans often include prescription and drug coverage and other benefits like vision or dental coverage. These plans usually have a network of providers who provide care at a lower cost to the enrolled participants.
- Part D – Medicare D is an optional prescription drug plan offered by approved private insurers. These plans designate covered drugs and the pharmacies where you can get them, and vary from plan to plan.
3. Are there other options for Medicare insurance?
Medicare Supplement insurance options, offered by approved insurers, cover co-pays and deductibles that Parts A & B do not. They are accepted by any doctor who accepts Medicare assignments.
4. What is the cost of Medicare?
Lawley’s team of Medicare & Individual Health Insurance Consultants will help you decide on the plan that best fits your needs, including your budget. Any associated costs will be determined once a plan is decided upon together.
5. How do I go about choosing a Medicare insurance option that is right for me?
The team at Lawley Medicare Solutions can discuss and provide knowledge on all aspects of Medicare insurance, including the many moving parts and enrollment processes. They can also help you understand changes with premiums, benefits & coverages, drug tiers & formulary, Medicare insurance deductibles, and life events (income, health, Rx).
To discuss your options, call us at 716.849.8223 TTY- 711 or contact us here.
